Engineers India Limited (EIL), a leading engineering consultancy firm, has secured a ₹106 crore contract from Indian Oil Corporation Limited (IOCL) for Project Management and Consultancy (PMC) services. The 10-month project includes managing key units, utilities and overall project coordination.
EIL has been awarded a significant project management consultancy contract by IOCL. The project is valued at approximately ₹106 crore and is focused on the Paradip Petrochemical Complex in Odisha which covers key units such as PP, IPA and EDC/VCM, along with offsite and utility facilities.
The consultancy services will be provided for the Paradip Petrochemical Complex in Odisha. EIL will be responsible for overseeing project execution and ensuring efficient management. The expected duration for project completion is 10 months.
EIL has confirmed that the contract was secured independently, without any involvement from promoters or affiliated group companies. The project does not fall under related party transactions, ensuring transparency and fair business practices.
Engineers India Limited (EIL), established in 1965, is a top engineering consultancy firm. It provides services in petroleum, infrastructure, power, mining and urban development. EIL specializes in design, engineering, procurement, construction and project management.
As of February 13, 2025, at 11:25 AM, the shares of EIL are trading at ₹169.29 per share, reflecting a surge of 0.25% from the previous day’s closing price. Over the past month, the stock has increased by 4.38% and over the last year it has declined by 8.14%. The stock’s 52-week high stands at ₹303.90 per share, while its 52-week low is ₹148.63 per share.
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Published on: Feb 13, 2025, 3:58 PM IST
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